1875-CC 20C MS (PCGS# 5297)

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    7094
  • Grade:
    MS66
  • Price:
    $48,875.00
Lot Description
1875-CC 20C MS66 PCGS. CAC. The twenty cent piece was introduced in 1875, ostensibly to eliminate problems with making change for small purchases. A meager mintage of 133,290 pieces was accomplished at the Carson City Mint during the year. Unfortunately the coin's size and appearance were too similar to the quarter, causing much confusion and irritation. The public rejected the coins, and none were made for circulation after 1876. Proofs were made for collectors in 1877 and 1878, after which the denomination was cancelled. The 1876-CC is a classic rarity, with fewer than 20 specimens known to the numismatic community today, leaving the 1875-CC as the only issue from the Carson City Mint reasonably available to collectors. While this odd denomination was never popular with the general public, it was always popular with collectors, and the 1875-CC enjoys enduring demand across all grade levels. Auction appearances began at an early date, with an example showcased in lot 302 of the Ferguson Haines Collection (S.H. & H. Chapman, 5/1880). The coin was paired with an example from the San Francisco Mint on that occasion. For the numismatist who demands only the finest examples, this Premium Gem is a worthy pursuit. The overall detail is pleasing, if slightly soft on Liberty's head, and the central devices exhibit delightful frostiness. The fields show heavy die polishing lines and are strongly reflective beneath soft gold-tinged patina that yields to deeper orange closer to the margins. One of just four MS66 examples graded by PCGS, with none finer; similarly, NGC has certified four specimens at the Premium Gem level, with none finer (6/11). Ex: ANA Signature (Heritage, 8/2008), lot 1624; Central States Signature (Heritage, 4/2009), lot 2295.
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